Jones Lang LaSalle Incorporated Common Stock (JLL)
284.31
+1.97 (0.70%)
Jones Lang Lasalle Inc is a leading global real estate services firm that provides a comprehensive range of services for property owners, occupiers, and investors
The company specializes in real estate management, investment management, leasing, and advisory services, helping clients optimize their real estate portfolios, enhance investment performance, and achieve strategic business goals. With a focus on innovation and technology, Jones Lang Lasalle leverages market insights and expertise to deliver tailored solutions, ensuring clients can navigate the complexities of the real estate landscape effectively.
Shares of real estate firm JLL (NYSEJLL)
jumped 7.5% in the afternoon session after the company secured over $1.2 billion in construction financing for four hyperscale data center campuses in Northern Virginia on behalf of The BlackChamber Group. Management added "We are seeing incredible demand for data centers with the consistent appetite from Cloud, AI and Enterprise tenants and this in turn has created a larger focus from various capital sources."
Over the past six months, JLL has been a great trade, beating the S&P 500 by 15.9%. Its stock price has climbed to $257.99, representing a healthy 25.6% increase. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Goldman Sachs bullish on CRE services stocks: CBRE, NMRK, JLL top picks for 2025. Recovery in 2024 was driven by stabilizing property values and financing conditions.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at RE/MAX (NYSERMAX) and the best and worst performers in the real estate services industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how real estate services stocks fared in Q3, starting with Marcus & Millichap (NYSEMMI).
Shares of real estate firm JLL (NYSEJLL)
jumped 8.4% in the afternoon session after a Wolfe analyst upgraded the stock's rating from Peer Perform (Hold) to Outperform (Buy). The analyst added, "JLL benefits from capital markets comps, improved disclosure supports multiple expansion, while sector tailwinds from potential deregulation and tax reform may accelerate earnings growth.".
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look at Zillow (NASDAQZG) and its peers.
Real estate firm JLL (NYSEJLL) announced better-than-expected revenue in Q3 CY2024, with sales up 14.8% year on year to $5.87 billion. Its non-GAAP profit of $3.50 per share was also 27.9% above analysts’ consensus estimates.
Florida has its own unique selling propositions, leading to a flow of people into the Sunshine State, which in turn has proved healthy for housing and ancillary industries.
